Enphase Energy

ENPH Clean Energy & EV 6/10 Medium Risk
6/10
Sector avg: 3.1/10

Enphase Energy carries $1.2B in long-term debt, with $1.2B in scheduled principal maturities. Near-term pressure is acute: $632M (52% of all maturities) comes due within 24 months. DebtCanary scores ENPH at 6/10, indicating moderate refinancing pressure.

Maturity Schedule

Year 1 $632M Year 2 $0 Year 3 $0 Year 4 $0 Year 5 $0 Beyond 5 $572M
Period Amount Due % of Total
Year 1 (0-12 months) $632M 52.5%
Year 2 (12-24 months) N/A N/A
Year 3 (24-36 months) N/A N/A
Year 4 (36-48 months) N/A N/A
Year 5 (48-60 months) N/A N/A
Beyond 5 Years $572M 47.5%
Total Scheduled Maturities $1.2B 100.0%

Key Metrics

Total Long-Term Debt
$1.2B
Near-Term (12mo)
$632M
Interest Coverage
17.8x
Debt/Equity
1.11
Cash Coverage
0.75x
Operating Income
$158M
EBITDA
$238M
Debt / EBITDA
5.1x
EBITDA / Interest
26.9x

Score Components

Component Value Weight
Near-Term Maturity Concentration 52.5% 30%
Interest Coverage Ratio 17.8x 25%
Debt-to-Equity Ratio 1.11 25%
Cash Coverage of Near-Term Debt 0.75x 20%

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2025-12-31. Filing date: 2026-02-17. Data last fetched: 2026-03-29. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Complete.
View SEC EDGAR filings for Enphase Energy →